SpaceX's first quarterly earnings as a public company reveal that its space sector contributed only about 10% of revenue, with the bulk coming from Starlink telecom and AI compute/data center services via xAI. The company remains its own biggest customer, raising questions about whether the SpaceX name still accurately reflects its business.
Background
SpaceX went public in 2024 through a merger with a SPAC, making its first quarterly earnings report a significant milestone. Elon Musk also owns xAI, the company behind Grok, which has become a major customer for SpaceX's compute services.
- Source
- The Verge
- Published
- Aug 6, 2026 at 12:35 AM
- Score
- 7.0 / 10